Anchor Protocol Price

Anchor Protocol functions as a decentralized savings protocol, designed to develop a money market that efficiently connects lenders with borrowers. Its core purpose centres around providing a consistent income stream by allowing users to deposit stablecoins in exchange for a predictable annual percentage yield (APY).

At its heart, Anchor Protocol facilitates an environment where lenders can earn steady rates on their stablecoin deposits, while borrowers can access loans by collateralising bonded assets, known as “bAssets.” This structure not only promotes financial inclusivity but also harnesses the power of Proof-of-Stake (PoS) blockchains to convert staking rewards into stablecoins for lenders. By centralising these dual interests, Anchor Protocol seeks to ensure a stable yield, benefiting all parties involved.